Is there any sort of limit on severance pay? Scorp client had a key employee that is no longer working at the company. The employee is an officer of the company but doesn't provide any services in this role either. Scorp wants to pay severance, at last rate of pay, for the remainder of the employee's life. (This is employee is not terminally ill.)
They have him on payroll and are taking out all the taxes and withholding. They'd like to put him on a 1099 but I'm guessing since he was an employee, he'd have to be on payroll.